Heritage Global Patents & Trademarks to Conduct Sealed-Bid Auction of Frameri Inc. Interchangeable Eyeglass Lens and Frame Patent and Trademark Portfolio
SAN DIEGO, Jan. 15, 2019 /PRNewswire/ -- Heritage Global Patents & Trademarks has been appointed to auction the Intellectual Property of Frameri Inc. The Intellectual Property Portfolio to be sold consists of granted patents, patent applications and trademarks and will be sold as one auction lot to the highest bidder.
Frameri gained worldwide attention after the company was featured in a 2015 episode the ABC "Shark Tank" television show. "Shark Tank" allows entrepreneurs of young, growing companies to make a presentation to a panel of astute investors known as "Sharks" to entice the Sharks to make an investment in their company. "Shark" Kevin O'Leary made an offer to Frameri's founders on the show, but they chose to decline his investment offer.
Ross Dove, CEO of Heritage Global, "This is a perfect example of an excellent technology living on after a corporate shutdown by being purchased by an entity capable of realizing the full potential of this technology. Given the enormous size of the eyeglass market this could be an industry game-changer for the company with the vision to see the magnitude of this opportunity."
Doug Berman, Director of Heritage Global Patents & Trademarks added, "This is an exceptional opportunity for entrepreneurs to either add to their existing Eyewear patents or for a newcomer to jump-start their entry into that space.
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About Heritage Global Inc. www.heritageglobalinc.com
Heritage Global Inc. (OTCQB:HGBL)(CSE:HGP) is a value-driven, innovative leader in corporate and financial asset liquidation transactions, valuations and advisory services. Heritage Global focuses on identifying, valuing, acquiring and monetizing underlying tangible and intangible assets in twenty-eight global manufacturing and technology sectors. Heritage Global acts as an adviser, as well as a principal, acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, accounts receivable portfolios, intellectual property, and entire business enterprises.
About Heritage Global Patents & Trademarks
Heritage Global Patents & Trademarks is the Intellectual Property Division of Heritage Global Inc. and provides a platform for corporations to monetize:
Patents no longer part of strategic corporate objectives
Patents which have never been commercialized and for which there are no plans to do so
Orphan Patents acquired in mergers and acquisitions that are non-core and not needed
Unwanted patents representing ongoing cost but whose market value declines with every year of non-use
Doug Berman, Director
Heritage Global Patents & Trademarks